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XRP undergoes selling pressure test, with divergence between technical and capital aspects
XRP Recently Faces Significant Technical Selling Pressure. Several market observers have pointed out that the asset has encountered repeated setbacks at key technical levels, including an important downtrend line and a previous support level that has now turned into resistance. These price rejection phenomena reflect the presence of selling willingness in the market.
Technical Indicators Signal Warning
From a technical perspective, the Stochastic Oscillator has formed a “death cross,” which is a typical sell signal. Meanwhile, all indicators on the ChartFu analysis tool have also turned bearish, suggesting further downside potential. This technical consensus seems to be warning investors who are considering an oscillator buy strategy.
Contradictory Fund Flow Signals
However, the real market situation is more complex. According to data, since November 2024, XRP-related ETF products have attracted approximately $1.3 billion in net capital inflows. This strong influx of funds presents an interesting contrast to the bearish technical signals, implying that institutional investors may be leveraging technical pressure to accumulate at lower prices.
Different Views from Market Participants
Ripple CEO Oliver Michel recently expressed a different outlook on short-term price fluctuations, emphasizing that the company’s fundamentals remain positive, viewing the current price adjustment as a short-term phenomenon, and maintaining an optimistic outlook for long-term growth.
As of the latest data, XRP is trading at a price level of $2.07, with a 24-hour increase of +0.97%, indicating that the market still maintains a certain resilience despite technical pressures.